New Lending Club ABS deal structure a draw for investors

Lending Club’s debut self-sponsored club deal offering, which was priced on Wednesday, drew praise from investors, who hailed the new deal structure.

By Sasha Padbidri

14 Jun 2017

All loans securitized in the transaction are whole loans purchased through a pro-rata allocation of the 'near-prime' loans originated on the platform by seven third parties unaffiliated with Lending Club, according to a Kroll presale report.

ABS investors told GlobalCapital they were receptive to the online platform’s decision to do
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